Trump Reaches Trade Deal with Mexico and Canada

President Trump’s new trade deal with Mexico and Canada is being hailed as a major victory.  (Reminder: This news follows on the backs of other major new trade deals with the EU and South Korea)

 

Here’s what today’s deal means:

 

  • More car and truck components will be manufactured in North America, a “substantial boost” from the old NAFTA limits.
  • 40% of work on a car or truck will be done by workers earning at least $16 an hour. This is the strongest labor provisions of any trade agreement.
  • Canada has agreed to loosen its protections on its dairy industry, giving greater market share to U.S. dairy farmers.
  • Improves the TPP’s “weak protection” of intellectual property, and establishes new trade commitment to grow the digital economy.
The Wyoming Republican Party